account payable

noun

plural accounts payable
: the balance due to a creditor on a current account

Examples of account payable in a Sentence

Recent Examples on the Web
These examples are automatically compiled from online sources to illustrate current usage. Opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.
In accounts payable, companies including Cherry and Apron have focused on simplifying payouts. Lucinda Shen, Axios, 31 Oct. 2024 In addition to its debt financing, Koenig says Settle layers in software that helps manage tasks such as accounts payable. Richard Collings, Axios, 1 Oct. 2024 For example, operational and administrative roles such as accounts payable and receivable are seeing significant automation. Steve Murphy, Forbes, 2 Oct. 2024 Settle, which provides working capital and accounts payable software to CPG brands, has acquired inventory management software provider Turbine, CEO Alek Koenig tells Axios exclusively. Richard Collings, Axios, 1 Oct. 2024 See all Example Sentences for account payable 

Word History

First Known Use

1812, in the meaning defined above

Time Traveler
The first known use of account payable was in 1812

Dictionary Entries Near account payable

Cite this Entry

“Account payable.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/account%20payable. Accessed 14 Nov. 2024.

Legal Definition

account payable

noun
account pay·​able
-ˈpā-ə-bəl
plural accounts payable
: the balance due to a creditor on a current account

More from Merriam-Webster on account payable

Last Updated: - Updated example sentences
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